Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: the US is conducting a criminal antitrust probe into TP-Link's pricing strategies and whether the router maker represents a national security threat (www.bloomberg.com)
22 days ago

Source: Alphabet's Q1 profit was boosted by $8B in unrealized gains from an investment in SpaceX; Alphabet has been a major SpaceX investor since at least 2015 (www.bloomberg.com)
22 days ago Alphabet SpaceX

JD.com's costly bid to challenge Meituan in food delivery, while the latter enters the e-commerce space, has led to a loss of ~$70B in combined market value (www.bloomberg.com)
22 days ago

Sources: Tencent Music is in advanced talks to buy Chinese podcasting startup Ximalaya in a $2.4B deal (www.bloomberg.com)
22 days ago China Startup Tencent

Docs: X's data licensing and subscriptions revenue grew 32% YoY to $91M in February, ad revenue grew 4% YoY to $146M; Twitter had $4.5B in ad revenue in 2021 (www.bloomberg.com)
22 days ago Twitter

Sources: the US pushed back against EU's AI code of practice; the code is voluntary, still being finalized, and aims to help companies comply with the AI Act (www.bloomberg.com)
22 days ago AI

Meta lays off Reality Labs staffers, affecting Oculus Studios teams; sources: 100+ staff are affected, including those involved in Meta's hardware efforts (www.bloomberg.com)
23 days ago

Sources: Adam Neumann's real estate startup Flow raised more than $100M from investors including a16z in a round that more than doubles its valuation to ~$2.5B (www.bloomberg.com)
23 days ago Startup

Sources: Apple plans to relocate its secret robotics team from John Giannandrea's AI unit and place it under SVP John Ternus, who oversees hardware engineering (www.bloomberg.com)
23 days ago AI Apple Robot

US v. Google: DuckDuckGo CEO Gabriel Weinberg testifies that Chrome is worth “upwards of $50B if it went on the market” based on “back-of-the-envelope” math (www.bloomberg.com)
23 days ago Google Chrome Mathematics

A look at the collapse of Stenn, an invoice financing startup that got major banks to unwittingly fund millions in suspect payments and was last valued at $900M (www.bloomberg.com)
24 days ago Startup

Hackers have been using hijacked online brokerage accounts in Japan to drive up penny stocks globally in an illicit $700M trading spree since February 2025 (www.bloomberg.com)
24 days ago Japan

Trump signs an EO to boost AI education and workforce training, and establishes an AI education task force led by White House OSTP Director Michael Kratsios (www.bloomberg.com)
24 days ago Trump AI Education

Lyft plans to dispatch licensed taxis for the first time to US riders who have opted in, beginning in St. Louis on May 5; Uber has long let users hail taxis (www.bloomberg.com)
24 days ago Uber

TSMC plans to begin production with its A14 fabrication process in 2028 and an intermediary A16 chip process in late 2026 (www.bloomberg.com)
24 days ago

President Donald Trump will have dinner with the top 220 holders of the TRUMP memecoin on May 22, according to the memecoin's website; TRUMP jumps 40%+ (www.bloomberg.com)
24 days ago Trump

US v. Google: a Perplexity executive says Google's contract with Motorola blocked Perplexity from being the default AI assistant on new Motorola devices (www.bloomberg.com)
24 days ago Google AI

Source: Neuralink has begun preliminary discussions to raise about $500M at an $8.5B pre-money valuation; PitchBook: it was valued at $3.5B as of November 2023 (www.bloomberg.com)
24 days ago

Sources: Amazon's Project Kuiper has completed just a few dozen satellites so far, far below the pace needed to reach the FCC's 1,618 deadline by July 2026 (www.bloomberg.com)
24 days ago Amazon

Elon Musk says production of Tesla's humanoid robot, Optimus, is being affected by China's recent restrictions on exports of rare earth minerals used in magnets (www.bloomberg.com)
25 days ago China Tesla Robot Elon Musk

A look at Huawei's smart driving software unit, which became profitable in 2024 after revenue grew over 5x and is powering car systems by BYD, BMW, and others (www.bloomberg.com)
25 days ago

Source: Intel is set to announce plans this week to cut 20%+ of its staff, its first major restructuring under Lip-Bu Tan; it had 108,900 workers in Dec. 2024 (www.bloomberg.com)
25 days ago Intel

US v. Google: OpenAI's ChatGPT chief, Nick Turley, says the company would be interested in buying Chrome from Google if a federal court orders it to be spun off (www.bloomberg.com)
25 days ago Google Chrome

SAP reports Q1 cloud revenue up 26% YoY to €4.99B, vs. €5.05B est., and adjusted operating income up 58% to €2.5B, beating estimates; SAP jumps 9%+ after hours (www.bloomberg.com)
25 days ago

DOJ v. Google: an OpenAI exec says Google declined to let OpenAI access its search index; a DOJ remedy proposal would make Google share its index with rivals (www.bloomberg.com)
25 days ago Google

Sources: Apple's new Siri engineering chief Mike Rockwell is replacing much of Siri's leadership with top Vision Pro software execs, and is restructuring teams (www.bloomberg.com)
25 days ago Apple

DOJ v. Google: a Google VP says the company pays Samsung an “enormous sum of money” every month to preinstall Gemini on its devices as part of a two-year deal (www.bloomberg.com)
25 days ago Google Samsung

Circle unveils a network designed to link financial institutions and enable real-time settlement of cross-border payments, starting with USDC and EURC in May (www.bloomberg.com)
26 days ago

Airbnb now shows the full cost of a stay, excluding taxes, in search results by default; a Biden-era FTC rule on “junk fees” is set to go into effect on May 12 (www.bloomberg.com)
26 days ago Tax Airbnb

Brand aggregator Upexi says it is raising $100M to accumulate Solana, causing its shares to surge over 400%, part of a trend of companies investing in crypto (www.bloomberg.com)
26 days ago

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